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Search Results 0 to 14 of about 15 (some duplicates have been removed)
reform as a way to trim medicare spending to fund coverage expansion a lot of these voters were very suspicious of this. you see them getting mobilized in a way that's very unpredictable at the time. i think this was the political mistake. rather than looking to conservative policy elites in the capital, barack obama should have looked to who were those older white republican voters who didn't necessarily love bush, who were willing to give him a chance but who had a very different set of concerns from again those inside the belt way policy wons. i think not getting that visceral sense of concern that particularly a lot of older voters who didn't vote for him in the 2008 election or who stayed home, et cetera that was a big mistake he's still paying for and has exacted some costs in the form of those from the left being disillusioned as well as those on the right. it's a much more confusing landscape. >> i think there's a lot to that. i also think that something that the president said in his inaugural address that hasn't been widely quoted but i thought was extraordinarily shrewd, h
take effect in october, and leave untouched programs like medicare and social security, and national defense. white house spokesman robert gibbs said the cuts would be strategic. >> the president will cut programs that are duplicative or serve what he believes is no important purpose, and instead invest in, as families do, investments for the future. >> woodruff: the proposal would freeze $477 billion out of the $3.5 trillion budget, or about 17% of federal spending. it's designed to save $250 billion over the coming decade. republican leader mitch mcconnell criticized the idea as too small. >> freezing non-defense domestic discretionary spending would be a good idea. however, if you put into the baseline the stimulus, tarp, and you account for inflation, it's not nearly as big a step as the american people are asking us to take. >> woodruff: the president is expected to address the deficit, among other economic issues, including unemployment, in his state of the union message tomorrow night. in an interview with abc news' diane sawyer, mr. obama acknowledged some choices he will mak
strengthen medicare for seniors and stop insurance company abuses, let me know . (cheers and applause) let me know. let me know. i'm eager to see it. here's what i ask congress, though. don't walk away from reform. not now. not when we are so close. let us find a way to come together and finish the job for the american people. (applause) let's get it done. let's get it done . now even as health care reform would reduce our deficit it's not enough to dig us out of a massive fiscal hole in which we find ourselves. it's a challenge that makes all others that much harder to solve. and one that's been subject to a lot of political posturing. so let me start the discussion of government spending by setting the record straight. at the beginning of the last decade, the year 2,000, america had a budget surplus of over $200 billion. (applause) by the time i took office, we had a one-year deficit of over one trillion dollars and projected deficits of eight trillion dollars over the next decade. most of this was the result of not paying for two wars, two tax cuts, and an expensive prescription drug progr
side, slowing the growth of social security and medicare spending is essential. if, instead, the president asks us to ratify the spending binge of the past decade, a broad- based tax increase will be necessary, with consequences for our living standards. there are no other choices. let's hope the congress asks the president which one he wants us to consider. i'm glenn hubbard. >> tom: that's "nightly business report" for monday, january 11. i'm tom hudson, goodnight everyone and goodnight to you too, susie. >> susie: good night, tom. i'm susie gharib. goodnight everyone, we'll see all of you again tomorrow night. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt captioned by media access group at wgbh >> we are pbs.
compromising. an additional medicare tax and a compromise where you recognize the cost savings potentials, recognize the priorities of the president but at the same time move towards the house by having more progressive revenue raising other taxes like the medicare tax or a small millionaire's tax. >> ifill: what about that, josh bivens? >> some sort of compromise could be useful here. >> ifill: like what? >> i mean, one, have the senate bill move a little bit toward the house. but if you want to do some kind of cost sharing i think you have to actually target excessive benefits. i don't think the excise tax does it. one can imagine a way of constructing a thax that goes after plans that are generous in terms of actual generosity of coverage. >> ifill: what is an excessive benefit. >> that's a big problem too. one person's excessive benefits is another person's insulation from risk. you have people, you know, i'm enough of an economist to believe that people trade-off wages for these health insurance benefits. they've voted with their feet. they clearly value these benefits. excessive is
in medicare and the grand scale of the talking points for his party and making a come back in the midterm election saying we know what we're doing we know there are obstacles, we know it wasn't all going to be easy based on hope so here is where we're trying to go. in that sense yes, i think it was very much a clintonesque laundry list of ideas for the mid terms. >> charlie: any new ideas? >> no. i think really the only thing that was surprising to me in this speech was the occasional bark that obama was making saying there are people who disregard the overwhelming scientific evidence of climate change or whatever. so i don't think there was much that was new in the content but it was we are establishing yes we are confident in what we are doing. we have a plan we're doing this step by step by step as oppose to this chaos you've been inferring in the last month in news coverage. >> i think charlie also if i may there was one new thing that wasn't there which you may, if you were on the left of the democratic party, have wanted to hear. which is obama isn't talking about a second big stim
medicare. >> it amounts to about 1.8 million a year to our bottom line. and our bottom line right now is break even. >> reporter: but that math could change once health care reform takes effect. congress is planning to cut hospital payments for uninsured patients, because the goal of health care reform is to make sure most americans are insured. the problem is the cuts would begin in next year. the expanded insurance coverage up to three years later. which is why burnette is lobbying washington. >> we need to make sure that if you are going to cut reimbursement, that the payments where people are going to start having insurance are there first. don't do one and then bring the other one in, because we may not be here by the time people have insurance. >> reporter: community memorial healthcenter is not only a critical health care provider, it is also one of the largest employers in south central virginia. that combination gives this hospital and others like it across the country political clout. using that clout is rich umbdenstock's job. he heads up the american hospital association.
be defense spending, social security, medicare, and medicaid. the move could save $250 billion, but it would hardly dent a projected $6 trillion deficit over the next decade. >> it would be a step in the right direction, but a small step. >> reporter: evan bayh and john mccain want to freeze earmarks, create a deficit reduction account, and give the president a line-item veto. senator bayh hopes the move could change voters' minds about government. >> we have to stand with those who are paying the bills and show that the government can discipline itself and make the difficult decisions, just as families and businesses have to do each and every day. >> reporter: but it's a difficult decision for lawmakers, too. putting the nation's fiscal house in order collides with plans to stimulate the economy and create jobs. senator kent contrad says reducing the deficit requires tough choices no one wants to make now. >> if we look back to the lessons of the great depression, in 1937 they tried, prematurely, to rein in the deficit, and unemployment exploded. we don't want to repeat that exercise. but w
care, too much social security, too much medicare, too much power on the job, are actually inviting a repeat of 1994. >> moyers: is that exactly what happened when the republican scott brown defeated the democrat martha coakley in the massachusetts senate race? >> it was a wakeup call. and we were predicting that. we said, "look, they're angry. they're frustrated. and if you're not on the side of creating jobs, jobs, jobs. if they don't believe that, and you're not acting that on the scale that they think is necessary, you're going to face a bad time." and that's exactly what happened. >> moyers: the senate vote showed that 49% of union households in massachusetts voted for the republican. >> here's what they were saying. here's what our members were saying. here's what the general public said. here's what working america's saying. that wasn't about obama's agenda. they were saying, "you haven't overreached. you've under-reached. you haven't produced enough change. so, we're going to help you. you think the status quo's great. we'll show you." they want change. they want their probl
to raise taxes, we're going to cut half a trillion from medicare, affect veterans' care. i think we can do it better. >> ifill: republicans declared voters sent a clear message in yesterday-- that democrats need to slow down. >> i'm convinced now that no gamesmanship will be played by the other side with regard to future votes in the senate >> the american people have spoken. the people of massachusetts have spoken for the rest of america. stop this process. sit down and open transparent negotiations. let's begin again from the beginning. >> ifill: indeed, many senate democrats appeared chastened by the brown victory, which some predicted would affect every 2010 race. senate majority leader harry reid suggested voters are as concerned about the economy as they are about health care. >> first of all, we're not going to rush into anything. as you've heard, we're going to wait until the new senator arrives before we do anything more on health care. remember, the bill we passed in the senate is good for a year. there are many different things we can do to move forward on health care. we're not
run there. so my answer to you is i... if we were in a system where we had medicare for everybody, i think that would be a great system. if we had a system we where we had private insurance plans for everybody, i think it could be a great system, too. the devil is in the details. you can make a terrible system under either one of those... >> rose: what would you need if you had a private insurance... essentially a private insurance system to make sure that it worked? >> in the countries that have private insurance as the dominant way that prix ride is care, it's heavily regulated. the insurers cannot just... not only cannot provide pre-existing condition exclusions, they also have to be public about the ways they spent their dollars, they have serious competition over whether the quality of care and the provision of care is up to you have? and that kind of approach requires living with rules of the road that make it so you can have genuine fairness and competition for driving better care now will private insurers actually provide value added by... in a new system in? that ball goes t
. still, it grew faster than the nation's overall economy. a government study, by the centers for medicare and medicaid services, found health spending topped $2 trillion. that works out to an average of about $7,700 for every american. those are some of the day's main stories. i'll be back at the end of the program with a preview of what you'll find tonight on the newshour's website. but for now, back to judy. >> woodruff: information has emerged about a possible jordanian connection in the attack that killed seven americans at a cia operating base in afghanistan. gwen ifill has that story. >> ifill: new details surfaced today about the attack, a suicide bombing allegedly carried out by a double agent working with the u.s. the names of the victims have not been released by the cia, but family members have identified 3. 37-year old harold brown junior originally from massachusetts leaves behind a wife and three children. >> his concern was to make the world a better and safer place for everyone who lived here. i think that fueled his own commitment to the military and to our country and in
... the way you do medicare is the way they were starting to do it in the health-care bill and the entitlements. these are the big ticket items, innd and defense and service on the debt. so wall street, deficit reduction and number three, is infrastructure projects. now the interesting thing about the stimulus project, remember all the talk about shovel-ready projects last year? there were no... there wasn't. >> rose: why not. >> they didn't even have shovels. because it takes time to get these things through. and what you are going to see this year in the next three quarters is that one-third of the stimulus was infrastructure is going to start coming on board, and creating some jobs and also creating some signs saying you know, the obama administration... . >> rose: so you do i have in problem with the stimulus program congress wrote. >> no, i don't. it takes time to do it but one thing he should do, the most popular campaign proposal he had was for a national infrastructure bank. which would take the yes or no on these big ticket items away from john murtha and all these
Search Results 0 to 14 of about 15 (some duplicates have been removed)